3.2 - MODERN FORMS OF MONEY
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Practice Questions
Test your understanding with targeted questions
What is modern money?
💡 Hint: Think about the types of money used today.
Give one example of a digital transaction.
💡 Hint: Consider how you pay for things without physical cash.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is the primary function of modern money?
💡 Hint: Think about how we use money in daily transactions.
True or False: Demand deposits are considered a form of currency.
💡 Hint: Consider the forms of money you know.
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Challenge Problems
Push your limits with advanced challenges
Consider a region that undergoes sudden demonetization. Discuss the potential economic impacts on daily transactions and small businesses.
💡 Hint: Think about both the short-term chaos and long-term adaptation.
Analyze why banks might prefer lending to larger businesses over small farmers, despite the social implications.
💡 Hint: Consider risk versus reward in banking.
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